BNP Paribas Financial Markets Has $505,000 Position in Owens & Minor, Inc. (NYSE:OMI)

BNP Paribas Financial Markets grew its stake in Owens & Minor, Inc. (NYSE:OMIFree Report) by 32.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,181 shares of the company’s stock after acquiring an additional 7,830 shares during the quarter. BNP Paribas Financial Markets’ holdings in Owens & Minor were worth $505,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Quarry LP increased its stake in Owens & Minor by 290.1% in the second quarter. Quarry LP now owns 2,099 shares of the company’s stock valued at $28,000 after purchasing an additional 1,561 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Owens & Minor by 76.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,126 shares of the company’s stock valued at $43,000 after buying an additional 1,356 shares during the period. Innealta Capital LLC bought a new stake in shares of Owens & Minor in the 2nd quarter valued at $43,000. Blue Trust Inc. increased its position in shares of Owens & Minor by 176.8% in the 3rd quarter. Blue Trust Inc. now owns 2,787 shares of the company’s stock valued at $44,000 after buying an additional 1,780 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Owens & Minor by 100.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,071 shares of the company’s stock worth $82,000 after buying an additional 3,044 shares during the period. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OMI has been the subject of a number of research analyst reports. Robert W. Baird decreased their target price on Owens & Minor from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. StockNews.com lowered Owens & Minor from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. UBS Group dropped their target price on shares of Owens & Minor from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Barclays reduced their price target on shares of Owens & Minor from $18.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, November 5th. Finally, Citigroup dropped their price objective on shares of Owens & Minor from $21.00 to $18.50 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Owens & Minor has an average rating of “Hold” and a consensus target price of $18.50.

Read Our Latest Research Report on OMI

Owens & Minor Price Performance

NYSE OMI opened at $13.94 on Friday. The firm’s 50 day moving average is $13.33 and its 200-day moving average is $14.74. The company has a quick ratio of 0.45, a current ratio of 1.09 and a debt-to-equity ratio of 2.11. The company has a market capitalization of $1.07 billion, a PE ratio of -21.45, a price-to-earnings-growth ratio of 0.50 and a beta of 0.42. Owens & Minor, Inc. has a 12-month low of $11.42 and a 12-month high of $28.35.

Owens & Minor (NYSE:OMIGet Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.41 by $0.01. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.68 billion. During the same period in the previous year, the firm posted $0.44 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities research analysts anticipate that Owens & Minor, Inc. will post 1.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Owens & Minor news, CFO Jonathan A. Leon sold 5,282 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $11.82, for a total transaction of $62,433.24. Following the transaction, the chief financial officer now owns 130,822 shares of the company’s stock, valued at $1,546,316.04. The trade was a 3.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.59% of the stock is currently owned by corporate insiders.

Owens & Minor Company Profile

(Free Report)

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company worldwide. It operates through Products & Healthcare Services and Patient Direct segments. The Products & Healthcare Services segment offers a portfolio of products and services to healthcare providers and manufacturers.

See Also

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Institutional Ownership by Quarter for Owens & Minor (NYSE:OMI)

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